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in the evolution of education? our camps and programs like it the wave of the future? >> it is part of the future. the biggest key as that this country has a fascination with higher education, which is great. at the same time, we seem to be hypnotized with the idea or the myth that college and higher education are the same thing. i think we should scale back that idea. college is part of higher education. but there are other things we can do to get people educated and into the workplace that doesn't depend on a four year degree. i think part of this is a mental shift, shifting away from college being the solution to that being part of the solution of a much wider range of educational opportunities that people have. we are not trained to recognize those. >> do you think this country is doing a disservice to potential employees and potential members of the workforce i not making that distinction between college and higher education? >> absolutely. i don't think it is poorly intentioned. i think it has been decades that we got of college of higher education. but if you look at germany, where the une
.79. >>> a bad report card on american education. test scores show american students continue to lag in international rankings. according to results from the program for international student assessment, u.s. teenagers ranked below average in math and near average in reading and science. trailing behind countries like japan and china where students of the same age continue to maintain top scores. can this be fixed and what does this mean for businesses and america's competitiveness. here to discuss this, michelle, former chancellor of the public schools in washington d.c. and the ceo and founder of students first. michelle, we're happy to have you. you're such an education expert. let me start with the first question, can this be fixed? because just about every ceo tyler and i talk to are very worried about u.s. competitiveness and, you know, where will they get top talent in the workplace if our kids in school just aren't doing well? do you think? >> it can absolutely be fixed. i hear the same thing from business folks saying they can't find people in the applicant pool that have th
for potentially addictive substances? did just say no work? does education work for substances of abuse? the answer is no. question two -- can we afford to wait when health care will be bankrupted to chronic metabolic disease? we have got 13 years, people, and we have to do something now. not wait for more research. we have the research. we have what we need. policy what do we do? there is called targeted prevention. that is treat the patient, right? treat the obese person. except for one thing. we've just learned that there are more nonobese people who are sick. it is targeted to the individual. the benefit to risk ratio is high. the weaknesses is the medicalization of prevention, which is hard. behavior medication, which is impossible. cost feasibility and limited success across the board. but it is not targeted. it is public health prevention we need. what are the strengths there? it is radical. it is going to work because we will make it work. it's powerful, because everyone is onboard. environmental modification, fix the environment, not fixed behavior. that is what our data show a
: disturbing news about the united states education system. math, reading, science, american teenagers are walking behind their peers in asia and in europe. so what is going wrong here? twenty now is mark schneider, and a former commissioner on the national center and mark, thanks for joining me today. this is the u.s. world education drinking. and in math, u.s. students ranked 31st down from 25 and 2009. does this concern you? >> not as much as you might think. the fall of our education system is all overstated. sure, we should be doing better, but the fact of the matter is the numbers don't tell us anything about the economic future of the united states and where we are going or even what to do about it. gerri: i have plenty of stats for that. but let me show you this. thirty-five countries scored higher, science, 27 scored higher, reading, 23 scored higher. lately some of the countries that are ahead of us. vietnam, ireland, poland, at the end of the day, if you don't agree with the numbers, do they tell a broad story that is basically accurate? >> well, in general, it's a legitimat
. >> the idea that a child may never be able to escape that poverty because she lacks a descent education or health care or a community that views her future as their own, that should offend all of us and compel us to action. we're a better country than this. >> so, john, what does the budget have to do with the speech the president gave today? >> well, the president has two goals. one -- the first is do no harm to the economy and if they can get a budget deal, avoid a shut down, that would meet the goal but longer term he has more protective things, raise the minimum wage and spend on education and he may not get those out of this congress but what he's hoping to do is plow the ground for future years, maybe future presidents to make progress on the priorities. >> i'm sure it will create heated debate. thanks for the update, john harwood from washington. >>> still ahead, how safe is your pension whether you work for a city, state or private company? >>> the price of oil moved higher for the fourth session in a row. crude prices up today more than a dollar closing at a five-week high. >>>
% ons these deve p developme developments. u.s. education, failing grades for our schools. globally we are now on the lower end of the curve. below average in math and science. this is a competitive crisis for american business. why are we not succeeding here? what's being done to fix it? two leading people on the american education charge. first, though, to sue at the nyse. >> thank you very much. a rough day for the dow jones industrial average. we are off of our lows but still up 21% this year. right now the dow jones industrial average down 104 points. transports have been on a huge tear, down today, but up 35% year to date. the s&p also in the red today. it's up 25% this year. it's down just 7.3 points today. similar story at the nasdaq, up 27% year to date. let's bring in bp and kenny polcari, director o'neill's security and cnbc market analyst. we've been talking about the pivot point in the market, the turn in the market when it would come. is this what we're seeing today? >> i think it feels like. the only thing you have to be careful of, not a the lo of volume. we've only don
in the workshop and educators can get lesson plans to use in the classroom. >> you don't use sugar for any of these things, right? sugar has seen a big decrease in the last five weeks. sugar prices have dropped pretty steadily in the last five weeks. there's nothing surprisingly in the 12 days that uses sugar, right? >> if you remember last year, becky, we had the drought in the summertime which drove up food prices and grain prices. >> right. right. >> which caused the bird costs to go up. this year both energy and food prices are down. >> we were going to play a little music or something so the total price is, did you tell us that already, $27,993.17. up 7.7% this year, joe. >> 7.7. inflation. all right, jim. thank you. >> good to see you. happy holidays. >>> folks, it is cyber monday. that's when people return to work and do some shopping online. we're going to talk about ecommerce prospects when "squawk box" comes right back ♪ ♪ the most wonderful time of the year ♪ capital to make it happen? without the thinking that makes it real? what's a vision without the expertise to execut
of educational opportunity. it expanded during his time in office. how did that translate into job creation and economic growth? >> for the first time, one of the issues with apartheid is that there was an entire generation of young people who skipped any kind of education. they came in and totally changed that system and now you have blacks college-educated since the end of apartheid who have joined the workforce and have become productive members of the economy. it's been a huge leap forward. >> there was criticism of mr. mandela from black south because the change was seismic in the country and they expect it seismic change to mean immediate change but that wasn't the case, was it? >> it's a tough proposition. the unemployment rate in 1992 was 40%. expectation was that this miracle had happened and overnight things would improve. things did improve and have improved but they certainly don't happen overnight. >> how has south africa's economy become a source of growth for its neighbors? >> they're lucky to have abundant natural resources. they have mining, gold, coal, platinum. they have
, but it was difficult when i got started because i had not educated myself enough on the world of bitcoin, but also partially because i was not willing to let go of certain details, like my bank account each else, my social security number. i did not want to add credit cards to websites that i just did not know. i did not feel comfortable with that and to me it did not seem like what bitcoin was all about. so, at the end of a number of different attempts, through a number of different websites, i finally got max to sort out one for me and i bought it this morning for him, $800 in cash, which is a present -- pretty decent price right now. >> what did you buy with it? actually bought three pizzas here for people around the office. it was a pretty easy transaction. i got more pizza than i ordered in the first place. i have more than one of my wallet now, because so many people have seen what they are doing here and they have just sent in what they call tips in this community. three dollars, two dollars, one dollar 50 cents. all of the tips they have sent in have added up to more than the pizza cost, w
a wage when they're trying to earn a living. as we have more older and highly educated people in that sector. >> if you had a perfect system in a test tube, though, and it's not that way, it just seems to me, if you can find someone not working that is willing to work at whatever the market price is, you can fill enough jobs that you want, it seems like, you know, if you're true to economics, it seems like you would never set anything. you'd want the market. >> this is an idea that says -- >> and the other thing, jared, is it not this simple? a company can either have 100 people at $8 an hour or 80 people at $10 an hour. >> it's definitely not that simple. let me respond to both of those. i thought it was gary who gave a good list of the way that minimum wages -- the increases tend to get absorbed. and that's why, joe, your second point i think is wrong. he talked about profits, he talked about prices. there's also efficiency gains. clearly, the absorption mechanism isn't just on the employment margin. that's why we get those results i've been describing through our discussion
mandela and it will be tomorrow at f and b stadium in johannesburg and a belief that education was the only way for people to raise up from poverty and where that legacy stands today. and revolutionary cancer treatment and using one deadly disease to battle another. >> i'm mark and coming up, the afc race is heating up as manning is a leg up on the competition, that is ahead in sports. >>> wintry conditions will improve today but i'm tracking another round of snow for the northeast, i'll have details coming up. >>> al jazeera america continues and thomas and i are back with you in just 2 1/2 minutes. ♪ straight to the point. >> i'm on the ground every day finding stories that matter to you. >> in new orleans... >> seattle bureau... >> washington... >> detroit... >> chicago... >> nashville... >> los angeles... >> san francisco... >> al jazeera america, take a new look at news. >> from our headquarters in new york, here are the headlines this hour. >> al jazeera america is the only news channel that brings you live news at the top of every hour. >> a deal in the senate may be a
. a low-cast accredited university that was named one of the most disruptive in education. "squawk" will be right back. [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease the 2014 e350 for $579 a month at your local mercedes-benz dealer. a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ >>> looks like yesterday's trading sort of. nothing happening. but you never know. and coming up, our higher learning series continues today with two men disrupting the world of online education. the ceo of university now and the president of ed x joins us after the break. i love having a free checked bag with my unit
at the numbers, it's startling. we spend $15,000 per every student in this country on education and that's more than every single country in the developed world and japan beat us in the international ranking that you mentioned and we're throwing money at the problem. it's not the lack of spending, it's the character of the spending. it's not trickling down to the classroom, it's federal government regulation and it should be a state-run education should belong to the state and no child left behind. it usurps a lot of power from the states and that to me that's the problem not relegating to the states. stuart: you'd get rid of it-- not all of it, but some of the bureaucracy because that's where the money is flowing, the administrators of the schools and all kind of people backing them up, the bureaucracy. you'd get rid of that. >> yes. stuart: but can you? kayleigh, you can't, you can't do that. i mean, the unions are so firmly entrenched and there's a big vote in favor of those unions. in favor of teachers, and i don't know if you can get around that? >> yeah, and i think you hit the nail on th
personal adversity and committed to philanthropy and higher education. you know who else got one this year? class of 2014, coty at honey well and jerry jones, owner of the cowboys. they're in great company with you. congratulations. that's a real honor. it's a big deal for the class of 2014. >> well, thank you for saying that joe. it is an honor. i admire the ratio society greatly. they take individuals andle challenge circumstances and give them an opportunity through scholarships to change their life through education. and to join companies not only those you mentioned but most importantly our previous winner our founder. i never thought it would happen in my lifetime. >> you didn't get it yet, did you? when do they do it? >> no. the event is in april in washington d.c. >> it's a big deal. >> it's quite something. i look forward to hit. >> can congratulations. we'll check back with you on. that think about it if you see the tape. i look good in that suit. >> actually joe, when i see the ron burgundy commercial, i do think of you. i don't know why. >> i think that's a compliment? thanks m
. the hearing is scheduled for sometime later this month. the department of education also releasing a recent report basically stating the commission has not received educator confidence which is a requirement. the college is moving forward. you can keep track tst progress on a -- of the progress. on the website. back to you. >>> happening today, a man suspected of killing another man over a video game system in san francisco is due no in court. the system, ronnie collins is accused of the fatal shooting of 22-year-old ikenna on sunday in the bayview district. ikenna posted an onlined a for a playstation -- online ad for a playstation. >>> also later today, the suspect in the l.a.x. shooting rampage will also make his first court appearance. 23-year-old paul ciancia will be at a san bernardino county jail. he's being held in federal custody, accused of walking into terminal 3 last month and killing a tsa officer and wounding three other people. investigators say he had a vendetta against the federal government. >>> 7:39. the autopsy on paul walker is complete and the results are expected some
that poverty because she lacks a dicent education or health care or a community that views her future as their own, that should affect all of us. >> it should compel us to action. we are a better country. let me repeat. the combined trends of inceffed inequality pose a fundamental effect. >> republicans were quick to cit size of president's remarks. the income gap is caused by policies claiming that the affordable care act and tougher business regulations encourage company depends on the government. the statistics are telling. from 2009 to 2012 the average engine from the top 1% of earners increased 31%. incomes for the rest of the nation's workers rose by one half of one%. >> thousands of fast-food workers scheduled to last their ship are striking. in 100 cities they are striking, demanding pay. today's strikes are the latest move in a campaign that started last summer. the medium wage is slightly more than $900. >> the workers live in poverty, working in conditions. >> more than two and a quarter americans have non-management jobs with the top 10 fast food chains. anti-government fo
despite calls for government spending on education and unemployment benefits. cheryl: minimum wage watch out for new york and chicago and the joy. fast-food companies demanding $15 an hour.ill hear from them p next. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel tt in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. she loves a lot ofas it's what you love about her. but your erectile dysfunction - that cou be a q
ceo, glen murphy, gap ceo and macy's chief merchandising officer. he says to move into education, it's hard to consider him working for anyone else, but if he would be willing, he would be a big get. there is always a chance for a christmas miracle. for nightly business report, i'm courtney regan. >>> sears is spinning off the lands end units, speaking of retail and that's where we begin tonight's market focus. they filed with the fcc to establish for the value of land's end but the bored of directors needs to sign off. this is the latest effort to get back on track as it faces mounding losses and declining sales. shares of sears holdings down nearly 4% to $48.09 today. another retailer, j.c. penney facing an inquiry into the finances. regulators investigating the controversial 800 million dollar stock offering this fall. the agency requested information on the liquid did, cash and equity in debt. shares plunged 9% today falling to $8.08. >>> j.c. penney wasn't alone. shares of barnes & noble tumbled today on word it's under investigation by the securities and exchange commission. th
paying? >> well, a job that's better paying calls for a higher education. and, you know, if you don't have that, then it's hard to get a better paying job. and, you know, a lot of people cannot get a better education because of them having to work and take care of a home. >> and, mary, i understand you're also taking care of a daughter with a heart condition, two grandchildren. how old are you, if you don't mind me asking? >> i'm 59 years old. >> and, mary, i imagine then trying to move up in this position, as you say, without the access to education that could enable you to get another job is a huge problem potentially. when you began working all of those years ago, did you have a different outcome in mind? >> yes, i did. i never thought it would get worse. i've always felt that it would get better instead of worse. but it has made a turnaround. >> i want to also, mary, just give you -- let you listen to an interview we had yesterday with jamie richardson. he's a white castle vice president. we said to him, jamie, what would happen if the minimum wage were raised to $15 an hour for
're not going to hurt the budgets of education because we are an education modulated government and of course health and welfare. these are the budgets that we are going to try to keep the way they are. we think there's some room for some cuts in the defense budget. not too much unfortunately. we live in a very shaky neighborhood it's very detailed. in this god is in the details. >> the federal reserve is now saying that this is over and that's causing a great deal of volatility in the markets. how will that impact the israeli market? >> first, foremost, 26, 27% of these exports are to the united states so this is immediate. it's a good thing that we have this separated. i mean, 26% to the united states, 30 something to europe and the rest to the far east and the rest of the world which means we are balancing the way that one area of the world is in trouble or collapsing or the second 2008 is happening, we are better protected against this, but the united states is the biggest sister. whatever happens there influences us. of course, we were following bernanke's policies and we, like the rest
for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> triple digit advance of almost 180 points. trading action with bob pisani, he joins me here at post 9 on the floor of the nyse. we posed the question this morning, is good news finally good news. >> yeah. >> the market is acting as if it is. but it's an interesting reaction. >> it's a surprising reaction. first of all not the number that's sdprising. a lot of peo
, correct? >> i work with the best hackers and crypto experts in the world and lucky enough to be educated by them to understand what really happens on internet and kind of information is available to bad guys and good guys making money. all of that was really, that education is what really brought me to build wicker. it's a way for my friends and family to communicate and not have to worry about someone else watching them. lori: so what can you tell me about the technology? essentially data disappears after six days. you can program the time period if you want? >> exactly. in order for a message to truly self-destruction, 2 has to be anonymous, private and secure. we also, forensically wipe everything on the device after it is gone. we delete the metadata and bind the messages to the device. on top of using top secret encryption. lori: could you take a screen grab though. >> that is a really good question. in the version 2.0% releasing this coming week we actually took out the anti-tam perking, anti-screen tab technology because we wanted to prove a point that we always say this is, this
his education initiatives and other measures. back to you. ashley: peter barnes, thank you so much. >> you bet. tracy: let's get a quick reaction on these markets after that news peter just brought us. nicole petallides on floor of the new york stock exchange. little bit of movement. >> yeah a little bit of movement up off the lows. keeping close eye on 10-year bond. 2.84% on the 10-year and that is very key. all to the downside coming off the lows of the day. tracy and ashley, lowest point on the dow was 15,791. we're now 15,825. you have seen some improvement. that being said the financials were trying to give it a go. the financials have been extremely weak lately these last few days. we saw them in the green earlier today. however we're watching them go back and forth. moment ago banking index is lower. now it is higher. that is something, you see us come off the lows after the beige book report. there is look at financials, jpmorgan, bank of america, goldman sachs are squeezing into the green. they have moves of .1 of 1%. morgan stanley and wells fargo are not participated tha
out there to do a little enforcement and education. and within a few minutes, sfpd or on the st. educating >>: you are supposed to enter until right here. about how can you tell the difference? >>: there's a line right there in the street right there. >>: and enforcing the rules of the bike lanes. these dedicated bike lanes are for bicyclist on less want you are about a park but you can cruise the bike lane looking for a spot and only march when there's a break and the bike lanes similar to this. muni buses are not allowed to use the biplanes to keep on schedule. bike lanes are for bikes. this guy gave me a piece of his mind after being caught in the pipeline and receiving a ticket. >>: i teach at the university and i'm serious about it. i don't see you being part of the solution here. i see you conducting fell. >>: so there you have it. he was driving illegally and a bike lane and it was my fault. >>: no matter who you want to blame it on the lot is still the law. >>: thank you for bringing this to our attention. >>: and san francisco, stanley roberts, kron 4 news. >>james: tem
saw it and were going to get some folks out here take care of it with and do a little education >> and with a few minutes siren sfpd solos were on the scene educating nats: and if you look at the spot right here you are not suppose to enter till right here how do you tell the difference there is a line right there in the street right there maligned and enforcing the rules of the bike lanes. nats: all the way to the right >> these dedicated bike lanes are for bicylist unless you are about to park but you can't cruse the bike lane looking for a spot you can only merge when there is a break in the bike lanes a break simiilar to this muni buses are not allowed to use the bike lanes to keep on schedule bike lanes are for bikes >> this guy gave me a piece of his mind after being caught in the bike and receiving a >> i teach journalism at the univeristy and im serious about this i don't see you being part of the solution i see you getiing some good film. so there you have it he was diving illegally in the bike lane and it's my fault . >> state law prohibits people from driving in the b
of what you do? savings and investments, isn't it? >> education is a major factor, whether you have good health insurance, able to control your own destiny. education is one of the biggest factors and we can't emphasize that in most. we focus on what you can do. individuals have a tremendous amount of power and determining their individual destinies and they are very practical, living within your means. dennis: let me point out a lot of emphasis lamenting the gap, nobody talking about don't get as many tattoos, don't buy as much gold jewelry. how about cutting back and saving. >> exactly, don't over leverage yourself. dennis: thank you. from bank rate.com. cheryl: lets go to the floor of the new york stock exchange. senior vice president. just speaking within the last 20 minutes, anything you have heard from them that changes your opinion about the timing of the taper? >> no, it doesn't. he had to think mindset with them. more of a centrist. they are the three biggest hawks that fit inside the federal reserve system. unfortunately the matter what they say when it is working anymore or no
are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. >>> a train flies off the tracks in new york killing four, injuring dozens. harrowing tales from survivors. the question this morning -- what went so wrong? we are live with the latest on the investigation. >>> the white house's deadline to fix the obama care website has passed but have the technical problems been fixed? what the obama administration is saying and what still needs to be done. >>> fury in the streets as thousand riot in ukraine and threatening to overcome that government. is revolution in the air? we are live. >>> welcome back to "early start." quite a situation there. i'm john berman. >> i'm zoraida sambolin. nice to have you with us this morning. >>> the ntsb investigators have recovered on so-called event recorders from a metro north commute train. that may help determine the cause of the deadly derailment in new
the young and vibrant to want to go on the exchange. adds people are more educated about it that's what will happen. that's what we're hoping for for all of this country to lower health care costs. >> i'm intrigued by your first answer where you essentially laid out some of the objectives of the affordable care act. then you said but i'm not too worried about details of the website. isn't that precisely the problem with all of this right now? the objectives were clearly laid out but the details were not well planned. for example, the famous promise made by the president that if you like your insurance plan you get to keep your insurance plan. when, in fact, for 5%, that's not the case. and now people are getting those cancellation notices. the details were not that well thought out. >> agreed that the details did not come to fruition once we began the website. let's be clear, 20% of this country's not based on a website. we'll get the website right. if it's right 30 days later, then we'll still get it right. they had a million go through yesterday healthcare.gov, th
been an absolutely priceless financial education. >> you're terrific. thank you so much. i think you'll like this new book coming out in a couple of weeks. >> caller: from your book "getting back to even" i'm doing the stock replacement strategy. >> it's very complicated, but that's great. >> caller: i have december calls on disney. i have not shorted the common yet, which i should have done last week, i had great gains and i lost a lot of the gains this week. when should i short disney? >> i don't want you to. we'll get a deeper month out a few months from now. the strategy is complicated in getting back to even. disney is a buy, not a sell. i don't want you fooling around with it. when it does spike $1.50 to $2 it will flatten out later. but i think you're fine right now. steve in california. >> caller: hello there, jim. >> hey, steve. >> caller: thank you to all the home gamers from all the home gamers for making this holiday season a prosperous one. >> yes. i want everyone to do well. that's my game plan. >> caller: i appreciate you helping us make money. i love the fact you give
in february to move into education or philanthropy he says. if he'd be willing, he would be a really big get for someone. kelly? >> i had no idea -- inventory is high, inventory of ceo candidates. courtney reagan back at headquarters. thank you. while gap isn't looking for a new ceo, they might want to look for a new strategy. several wall street firms downgrading the stock. >> let's talk about it. adrian, thinks this room has run to run while ann thinks gap will go nowhere from here. ladies, thank you for joining us. adrian, make the case for gap right now. >> the case for gap really is about global growth. in the near term, absolutely we agree that it's very promotional. there is a lot of pressure on march margins. we actually think in the near term, that is something to be the status quo. but we like the global growth prospects. the company has yet to really expand globally. opened its first old navy store in japan in 2012. there's a lot of runway for this company longer term. >> at the same time, even coming out with a better than expected november sales number, pam, we've got the shares
want to make you money. my job is not just to educate you, but entertain you so call me at 800-743-cnbc. with the dow seek 95 points and the s&p dropping and at one point the selling was far worse and it looked like we could be in the midst of a major rollover. still today like yesterday, the buyers and sellers did real soul-searching, and what exactly are they pondering? basically, they're trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the mar
educational, personal and national debt than any other generation in history so they're just doing a cost calculation and saying it's not worth it. >> is some of this, by the way, your generation is better at computers and technology than my generation sure is. i'm a baby boom guy. is it because the website was so bad, so poorly designed and the president kind of lied about it? is that part of the issue here? just like uncool website? >> well, i don't think the president did himself any favors when he compared it to websites that millennials use every day like kayak and other websites where younger voters typically are because those websites work. those websites are clean. the interface doesn't crash and i think that it certainly didn't help from a cosmetic standpoint the president's argument that health care would be beneficial to everyone and would be working on time. >> all right. alex, another question. i'm trying to understand this whole issue. i mean, the guy's just got real bad numbers among one of his key constituencies which tells me there's great political change going on out th
changes. >> this city and the economy seem to be blooming for people who have access to greater education and more experience in high-tech industry and but not necessarily people who are in our neighborhoods. >> with high-rises leading to higher rents there will be a demand for affordable housing for people who feel their being squeezed out. >>> time now 6:41. the 9ers only have two more scheduled games at candlestick. wait until you hear what it will cost to say good-bye. >> how about the market opened up about 10 minutes ago on this thursday? take a quick peek at the early numbers on wall street. everything is down. we'll have more with kcbs radio's financial reporter jason brooks. coming up. [s[man] no one told her,right?a. [son]hi! [mom screams] cold when an apartment buil caught fire in san leandro. at >>> we're following some breaking news now. dozens of children were left out in the freezing cold when an apartment building caught fire in san leandro. this is a live look at chateau bleu apartments on bancroft. it started at 4:30 this morning. about 50 people including the children e
. my job is not just to entertain but to educate you. call me at 1-800-743-cnbc. battle stations! that's where we are on the eve of the hugely important labor department nonfarm payroll report that comes out tomorrow morning at 8:30 a.m. the stock market is telling us to be ready. we had our fifth straight decline today. dow seeking 68 points, nasdaq declining .12%. we know that's because there's been too much good data lately. it should be that, no, good data. because we are in a good news is bad news environment. this is good news moves interest rates higher. whether the fed likes it or not! remember, the fed wants rates down as more jobs can be created. but at a certain point, you have to ask, aren't more jobs being created? the fed stops trying to keep interest rates down or stops being able to. it's a fore gone conclusion the whole stock market will decline regardless of what the fed says or does. that's been the case before even as the last late run-up t.st going to be the case again. i'm not debating that. there are tons of reasons why stocks could. we know risk-free bonds that
for a lot of public education programs to be part of this as they try to say to those boomers who are driving, you're not as responsive as you used to be in the past. let's see if we can make it safer for you on the roads. >> all right. now let's -- i could not believe this story when i heard it, we've labeled it the worst layover ever. a man that fell asleep on a flight, he woke up to find himself cold, and alone, in a dark locked plane. first of all, what happened and two, how does this happen? >> well, officially express jet, which is operating the flight for united airlines, says it is investigating what happened. but my favorite part of the story is listening to the man who was locked on the plane explain what happened when he woke up. listen to this. >> i woke up and i was like, looked up at the ceiling and i saw the lights were out. looked down the aisle, and nobody was home. >> i love it. i love it. because we've all been in that position where you're kind of groggy, wake up and look around and go where am i exactly. when we do it there's always somebody sitting next to u
to the education and payment cap. it will take time and persistent effort to improve the labor situation. -- hope forhopeful is that the report that we got today is repeated over and over. if that happens, maybe we will be happy. wall street will be happy because the fed will normalize. >> that is a question. we saw a big pop in 10 year yields. managed its communications better? >> yes. we got an e-mail from our desk. the explanation is that this is technical. a lot of people were short. muchtreet does not have appetite for taking risk one way or the other. what you get a short covering. me just follow that if i could. where do we go then? do we see yields rising? >> that is always the risk. that is why the fed looks at the financial condition index is a very important metric grid it is not easy. trying to do it and they have an eye on the financial conditions. if they tighten too much, as they did in may and june, they will community -- communicate. go, what we let you will tell you that this is not just a temporary glitch -- that the job market will continue to improve and accelerate from here?
people -- ofnsure of what how'd how this would relate. i think we have educated the markets. realize we get an extremely good value. >> checking some other stories making headlines around the world. the crisis in china has escalated. missy --the delimited illegitimacy. this comes as antigovernment protesters prepared a renewed push to topple the prime minister. they want to replace it with this. that government can do under the constitution under the law and that might follow, we are willing to work it. day it will one leave apart. is expanding its air defenses zone, adding to regional tensions sparked by beijing similar move. korea's his own covers two islands and a submerged rock. discuss the issue when he visited seoul, beijing, and tokyo. north korea has now confirmed un'swall of kim jong uncle. he was seen closest to the camera. over the weekend, the shot was tighter. this is the second most powerful figure. charged with corruption, drug use, and other antistate acts. fog is forecast once again. conditions have been like this for nearly a week, prompting an orange alert for severe
time, we have educated the market. >> let's bring in the latest development from thailand as prime minister yingluck shinawatra saying she will dissolve parliament. we are also heading to mumbai to gauge market reaction to state elections. ♪ >> hello, everybody. this is "on the move." prime minister changes tactics in thailand. given way toop has a rally across asia for stocks led by japan. rate expectations, what will sri lanka do? woman's from now, we hear from the central bank governor. let's get it straight to john and have a look at what is happening with this rally in asia and what is behind it. >> we have good figures out of the u.s. on friday. 200-3000 jobs added. that is encouraging. we have china figures out, exports far better than forecast. japan's gdp, not encouraging unfortunately. china, the u.s., that is the foundation for asia. australia, a bit of the kleins. -- declines. see -- taiwann up. nikkei driven by the lower yen. we have hang seng up by 0.5%. shanghai also seeing gains. we have malaysia -- let's look at hong kong. look at the different areas. we have ame
the style of hairstyle they want, our hair stylists work with little girls to educate them on how they can take care of their dolls hairs. stuart: is this your dream to come here and get american girl doll? >> yeah. stuart: good for you. stuart: what is your name? >> samantha. stuart: samantha. did your doll eat with you today? and what is your doll's name? >> samantha. [laughter] stuart: as you walk around this place, you are surrounded by little girls seven, eight, nine years old and they are clearly in the place they want to be. five weeks until christmas, less than that, it is a big deal. and this is a terrific place to be. when i went to get the next on? >> next year. >> good answer. stuart: that was a lot of fun. i have some hard numbers for you. 143 million american doll books have been sold, 23 million american girl dolls sold, and 54 million visitors to the 17 stores. 70 million visitors per year to american girl.com. mattel is the parent company, that is important. let's bring in nicole and charles on this one. first of all, american girl, is that a big part of their operation?
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